Gross debt in Finland

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Finland in the period from 1998 to 2018 was between 55.9 billion and 137.5 billion Euro. The highest level of the last years at 137.55 billion Euro was reached in 2018.

Based on the number of inhabitants, this is in Finland a debt of 24,938 Euro per person. For comparison: The average debt per person in the same year in the European Union was 28,459 Euro.

Comparison of the gross debt per capita with the European Union in Euro

Finland European Union

Budget deficit in Finland

The budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurances, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money, than at at the beginning, it is a surplus - it is less, it is called deficit.

The budget balance in Finland in the period between 1998 and 2018 varied between -6.60 billion Euro and +9.58 billion Euro. In 2018 was reached a balance of -2 billion Euro.

In ratio to population, this equals a new indebtedness of 282 Euro per capita in Finland only in 2018. For comparison, the average debt per capita in the European Union was in the same year at 222 Euro.